The European Union, the United States and China Main Actors in the Global Economy

Ion Botescu ()
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Ion Botescu: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 79-85

Abstract: Due to their geographical position, the EU, the United States/US and China benefit from the fact that they have had the opportunity to structure their own economic influence areas, including from the perspective of securing raw materials and energy sources. Furthermore, there are broad relations, including trade relations between the EU, the US and China, a process determined by the increasing globalization of the world/global economy. The purpose of this paper was to highlight the role that the EU, the US and China play within the global economy. The complex challenges faced by the world today call for the active involvement of the three great powers in solving the problems that have arisen. The EU, the US and China must take into account their own interests, as well as the interests of the other countries, and they must have the ability to look to the future responsibly and generously.

Keywords: economic pillars; economic growth; geopolitical powers; global economy; competitiveness (search for similar items in EconPapers)
JEL-codes: F02 F63 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:79-85

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